bitbybit on Nostr: It is living off of the trapped FI guys who can only buy bonds and converts. That ...
It is living off of the trapped FI guys who can only buy bonds and converts. That money has nowhere to go besides MSTR; literally only can buy debt offerings.
They actually bought converts at 0% yield. Paid for the option to convert to equity. They would pay a negative rate if the offered because the bond market is so mispriced.
We're entering VERY scary Tradfi territory.
Published at
2024-11-20 15:56:43Event JSON
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"content": "It is living off of the trapped FI guys who can only buy bonds and converts. That money has nowhere to go besides MSTR; literally only can buy debt offerings.\n\nThey actually bought converts at 0% yield. Paid for the option to convert to equity. They would pay a negative rate if the offered because the bond market is so mispriced.\n\nWe're entering VERY scary Tradfi territory.",
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